T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) Sees Significant Increase in Short Interest

T. Rowe Price QM U.S. Bond ETF (NYSEARCA:TAGG) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 59,663 shares, an increase of 79.7% from the September 15th total of 33,204 shares. Based on an average trading volume of 180,887 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Trading of T. Rowe Price QM U.S. Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Kickstand Ventures LLC. acquired a new stake in shares of T. Rowe Price QM U.S. Bond ETF during the 2nd quarter worth approximately $23,887,000. Bank of New York Mellon Corp increased its stake in shares of T. Rowe Price QM U.S. Bond ETF by 97.1% during the 1st quarter. Bank of New York Mellon Corp now owns 167,517 shares of the company’s stock worth $7,136,000 after purchasing an additional 82,515 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in T. Rowe Price QM U.S. Bond ETF by 83.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 105,023 shares of the company’s stock valued at $4,460,000 after buying an additional 47,698 shares during the last quarter. Citadel Advisors LLC lifted its position in shares of T. Rowe Price QM U.S. Bond ETF by 158.9% in the 2nd quarter. Citadel Advisors LLC now owns 55,918 shares of the company’s stock worth $2,375,000 after acquiring an additional 34,321 shares during the period. Finally, Cetera Investment Advisers grew its holdings in shares of T. Rowe Price QM U.S. Bond ETF by 61.8% in the 1st quarter. Cetera Investment Advisers now owns 80,487 shares of the company’s stock worth $3,429,000 after purchasing an additional 30,739 shares during the last quarter. Institutional investors own 1.86% of the company’s stock.

T. Rowe Price QM U.S. Bond ETF Stock Performance

NYSEARCA TAGG traded up $0.01 during trading hours on Friday, hitting $41.00. The company had a trading volume of 129,632 shares, compared to its average volume of 211,715. The company has a market cap of $2.70 billion, a PE ratio of 34.46 and a beta of 0.25. The business has a 50 day moving average of $41.35 and a 200-day moving average of $42.03. T. Rowe Price QM U.S. Bond ETF has a 1-year low of $40.30 and a 1-year high of $43.72.

About T. Rowe Price QM U.S. Bond ETF

The T. Rowe Price QM U.S. Bond ETF (TAGG) is an exchange-traded fund that is based on the Bloomberg U.S. Aggregate Bond index. The ETF currently has 37.94m in AUM and 445 holdings. TAGG is an actively-managed fund that holds a wide array of USD-denominated investment-grade bonds with broad maturities. TAGG was launched on Sep 28, 2021 and is managed by T. Rowe Price.